search query: @indexterm RETAIL PRICING / total: 107
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| Author: | Alexeev, M. |
| Title: | Savings and retail price reform in a Queue-Rationed economy |
| Journal: | Economics of Planning
1993 : No. 26. p.129-141 |
| Index terms: | RETAIL PRICING SAVINGS CONSUMER BEHAVIOUR |
| Language: | eng |
| Abstract: | The paper addresses the effect on consumer saving behaviour of queue rationing and of price reform in a Soviet-type economy in a lifecycle framework with overlapping generations. It is shown that consumers save less for retirement in a queue-rationed exchange economy with black markets than they would in a free-market system with the same endowments. In addition, an analysis is given of the effect of the increase in controlled prices on the black market prices and on the prices of unrationed goods. |
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